Teachers’ Retirement System of Louisiana Thanks Sen. Gerald Boudreaux!

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It is always a great sense of accomplishment when a bill that I’ve been working on tirelessly along with other legislators finally passes. This past season, the Cost-of-Living-Adjustment (COLA) bill, along with two other pension reform bills were passed.

Director of the TRSL, Maureen Westward recently wrote to me,”I want to particularly thank you for your support of the cost-of-living-adjustment (COLA) bill, SB 2, and the two pension reform bills, SB5 and SB 18, tied to its passage.”

The passage gives a 1.5% benefit increase to eligible TRSL retirees and beneficiaries, something that has been in the works since 2015. “The passage of these bills, now Act 93, 94, and 95 will provide TRSL’s retirees and beneficiaries with a much needed benefit increase this year.”

Teachers are an extremely important group of people in our society as they are the ones who lay down the foundation to help build a better community. Louisiana’s education system has taken some hits this year, but it is with great consolation to know that our retired educators will now be taken care of.